Fidelity MSCI Utilities ETF Shows Potential Analyst Upside

Fidelity MSCI Utilities Index ETF (FUTY) indicates a 9.97% upside per analyst targets. Key holdings like Oklo Inc, Essential Utilities Inc, and NRG Energy Inc suggest optimism in the sector amid recent evaluations.

Date: 05-03-2025

AI Rating: 7

Market Potential and Analyst Perspectives
According to the report, the Fidelity MSCI Utilities Index ETF (FUTY) is currently trading at $51.26, with analysts projecting a target price of $56.37, indicating a 9.97% potential upside. This reflects a generally positive sentiment towards the ETF based on its underlying holdings.

Key Holdings with Upside
Among its holdings, Oklo Inc (OKLO) is noted for having a significant upside potential of 51.46%, with a target price of $44.50 compared to its recent price of $29.38. Similarly, Essential Utilities Inc (WTRG) shows a 15.94% potential upside, given the target price of $45.33 against a recent price of $39.10. NRG Energy Inc (NRG) has a target price of $115.38, which is 15.09% higher than its recent trading price of $100.25.

Evaluating these figures, the analysts seem to lean towards a positive outlook for these companies within the utilities sector. However, the report hints at a critical perspective, prompting investors to consider whether these targets are justified or overly optimistic based on industry conditions.

Investor Considerations
The upside potential offered by OKLO, WTRG, and NRG indicates possibly favorable conditions for investments within this ETF and its components. However, caution is advised, as high targets could lead to future downgrades if they aren't met. Therefore, continuous monitoring is essential for investors seeking to capitalize on these projections.

Stocks: FUTY OKLO WTRG NRG